$1,905,000
$2,150,000
11.4%For more information regarding the value of a property, please contact us for a free consultation.
2980 E RANCHERO DR Palm Springs, CA 92262
0.49 Acres Lot
Key Details
Sold Price $1,905,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Not Applicable-1
MLS Listing ID 17295986PS
Sold Date 05/18/18
HOA Y/N No
Year Built 1960
Lot Size 0.491 Acres
Property Description
Prime location off E Ramon Rd, this 8 unit single-level complex has been extensively remodeled and shows pride of ownership throughout. It totals 17 bedrooms and 10 bathrooms in nearly 5,000+/- SF. It is comprised of (2) 3BR/2BTH units, (5) 2 BR/1BTH units and a (1) 1BR/1BTH unit all with private patios and surrounding a community pool in a gated enclave. Off street parking for 12+ cars. Uses include apartment rentals, vacation rentals or converting it to a sober living home, senior living community or a possible condo conversion. Current owners utilize this as a family compound. As such there are no rental or expense histories. Zoned R-2. Projected rents estimated at $12K+ per month. Units have modern, high end kitchens/bathroom, tile flooring throughout, high ceilings, dual pane windows, washer/dryer in every unit and individual gas/electric meters. Complex backs to estate lots. This is a superior complex ready for your investment direction. Call listing agent for details
Location
State CA
County Riverside
Area 332 - Central Palm Springs
Interior
Heating Central
Flooring Tile
Fireplace No
Appliance Dishwasher, Refrigerator
Exterior
Community Features Gated
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 502252006
Security Features Gated Community
Special Listing Condition Standard
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Bought with Gil Rose • HomeSmart Professionals